“Welcome Home Program: A Stepping Stone to Homeownership through Down Payment Assistance”
PADUCAH — Are rising rates keeping you from the dream of homeownership? Don’t despair—2023 might just be your year to plant roots and invest in a new home, thanks to a game-changing program tailored to ease the financial burden for deserving families and military heroes.
Enter the Welcome Home Grant Program, a golden ticket to make the often-daunting home-buying process a little more accessible. This remarkable initiative, powered by the Federal Home Loan Bank of Cincinnati, generously offers up to $10,000 in grants for eligible home buyers. And for those who have bravely served our nation—veterans, their spouses, and active-duty military members—the program turns the generosity up a notch by providing up to $15,000 in assistance. Partnering with local banking titans like Paducah Bank, the program aims to bridge the gap between dream and reality when it comes to home ownership.
Home buying is undoubtedly one of life’s most significant milestones, yet for many, the hurdle of upfront costs can turn this dream into an unreachable mirage. It’s a fact that Leanne Adreon, a dedicated representative from Paducah Bank, knows all too well.
“Here’s the ironic part: a lot of folks are already making monthly rent payments that mirror what they would pay on a mortgage,” Adreon points out. “Where they hit a wall is the down payment or those dreaded closing costs. When you’re faced with the challenge of scraping together $5,000 or $8,000 just for that component, things can get tough.”
So, if you’ve ever felt bogged down by the logistics of a down payment or the complexity of closing costs, this program may be your lifeline. Now more than ever, owning a home might just be a realizable dream, thanks to the Welcome Home Grant Program and its commitment to easing financial obstacles. Don’t let another year slip by—2023 could be your year to unlock the door to your new home.
